MIRA INFORM REPORT
|
Report No. : |
302451 |
|
Report Date : |
10.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
WEENER EMPIRE PLASTICS PRIVATE LIMITED (w.e.f. 09.10.2014) |
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Formerly Known
As : |
WEENER EMPIRE PLASTICS LIMITED (w.e.f. 15.05.2008) EMPIRE PLASTICS LIMITED |
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Registered
Office : |
19-A, Mira Co-Operative Industrial Estate, Western Express Highway, Mira, Thane – 401104, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
17.07.1995 |
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Com. Reg. No.: |
11-090697 |
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Capital
Investment / Paid-up Capital : |
Rs.63.811 Millions |
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CIN No.: [Company Identification
No.] |
U28129MH1995PTC090697 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE01879D |
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PAN No.: [Permanent Account No.] |
AAACE5238K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Plastic Packaging Products and Bottle Caps. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having a
satisfactory track record. Management has filed “Form 20B” depicting annual return for FY 2014
whereas, failed to file any other financial statements with the statutory
authorities. As per available, trade relations are fair. Business is active.
Payments are reported as usually correct and as per commitments. The company can be considered normal for business dealing at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan = BBB+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
17.04.2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits = A2+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
17.04.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (Tel No.: 91-22-33865000)
LOCATIONS
|
Registered Office / Corporate Office : |
19-A, Mira Co-Operative Industrial Estate, Western Express Highway, Mira, Thane – 401104, Maharashtra, India |
|
Tel. No.: |
91-22-28455391/ 28455027/ 28455525 / 33865000 |
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Fax No.: |
91-22-28456841 / 33865099 |
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E-Mail : |
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Website : |
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Factories : |
Located At:
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DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Avinash Brijlal Gupta |
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Designation : |
Chairman and Managing Director |
|
Address : |
Mahek Bunglow No.2, Krishna Regency, Sunder Nagar, Malad (West), Mumbai
– 400064, Maharashtra, India |
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Date of Birth/Age : |
29.11.1951 |
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Qualification : |
B.Com |
|
Date of Appointment : |
17.07.1995 |
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PAN No.: |
AACPG2211M |
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DIN No.: |
00300127 |
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|
|
Name : |
Mr. Abhinav Gupta |
|
Designation : |
Whole Time Director |
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Address : |
Mahek Bunglow No.2, Krishna Regency, Sunder Nagar, Malad (West),
Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1985 |
|
Qualification : |
Plastic Engineer |
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Date of Appointment : |
07.11.2008 |
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PAN No.: |
AHDPG2268E |
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DIN No.: |
02042048 |
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|
|
|
Name : |
Gabriele Elisabeth Maria Beckmann |
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Designation : |
Director |
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Address : |
Moserstrabe 31, Osnabruck, 49074, Germany |
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Date of Birth/Age : |
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|
Date of Appointment : |
21.12.2013 |
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DIN No.: |
06757778 |
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|
Name : |
Roelof Wiebe Zeevat |
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Designation : |
Director |
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Address : |
Goordijkstraat 31, Merksplas, 2330, Belgium |
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Date of Birth/Age : |
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Date of Appointment : |
21.12.2013 |
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DIN No.: |
06757802 |
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Name : |
Ralf Hinrich Sonnenberg |
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Designation : |
Director |
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Address : |
Holthuser Strabe 15, Weener, 26826, Germany |
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Date of Birth/Age : |
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Date of Appointment : |
21.12.2013 |
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DIN No.: |
06763762 |
MAJOR SHAREHOLDERS
As on 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Surrao Boniface Jointly with Surrao Hazel |
|
8000 |
|
Surrao Hazel Jointly with Surrao Boniface |
|
2000 |
|
Weener Plastik GmbH (Formerly Weener Plastik AG), Germany |
|
3380694 |
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Weener Plastik GmbH (Formerly Weener Plastik AG), Germany |
|
3541146 |
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Gabriele Elisabeth Maria Beckmann (Nominee of Weener Plastik GmbH), Germany |
|
1 |
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Paul Pruss (Nominee of Weener Plastik GmbH), Germany |
|
1 |
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Ralf Hinrich Sonnenberg (Nominee of Weener Plastik GmbH), Germany |
|
1 |
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Gerhold Flockenhagen (Nominee of Weener Plastik GmbH), Germany |
|
1 |
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Hendrikus Albertus Mennink (Nominee of Weener Plastik GmbH), Germany |
|
1 |
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Roelof Wiebe Zeevat (Nominee of Weener Plastik GmbH), Germany |
|
1 |
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Avinash Brijlal Gupta Jointly with Abhinav Gupta |
|
37496 |
|
Neelam Avinash Gupta |
|
1 |
|
Abhinav A. Gupta |
|
1 |
|
Alok Kumar Jain |
|
1 |
|
Subramanian Ramaswamy |
|
1 |
|
Total |
|
6969346 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
99.46 |
|
Directors or relatives of Directors |
0.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastic Packaging Products and Bottle Caps. |
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Products : |
Plastic Packaging Products and Bottle Caps |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Ashok Jayesh and Associates Chartered Accountant |
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Address : |
501, Dheeraj Arma, 5th Floor, Anant Kanekar Marg, Bandra
(East), Mumbai – 400051, Maharashtra, India |
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PAN No.: |
AAAFA3904H |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associate concerns
: |
Weener Plastik, Germany – Holding 30.93% shares in the Company |
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Related parties
where control exists: |
Ace Plastics (Partnership Firm) – where the Company is a partner having 85% shares. |
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Enterprise over
which Key Manager al Personnel are able to exercise significant influence : |
Pristine Valley Apiculture Private Limited CIN No.: U15490MH2003PTC139934 |
CAPITAL STRUCTURE
As on 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6969346 |
Equity Shares |
Rs.10/- each |
Rs.69.693 Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6381110 |
Equity Shares |
Rs.10/- each |
Rs.63.811
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
63.811 |
63.811 |
63.811 |
|
(b) Reserves & Surplus |
431.147 |
381.852 |
326.390 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
494.958 |
445.663 |
390.201 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
136.664 |
135.038 |
139.930 |
|
(b) Deferred tax liabilities (Net) |
48.173 |
39.584 |
27.454 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
59.208 |
51.676 |
10.214 |
|
Total Non-current
Liabilities (3) |
244.045 |
226.298 |
177.598 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
228.651 |
187.709 |
150.411 |
|
(b) Trade
payables |
82.559 |
40.635 |
30.663 |
|
(c) Other
current liabilities |
169.884 |
140.949 |
107.134 |
|
(d) Short-term
provisions |
19.525 |
16.187 |
33.058 |
|
Total Current
Liabilities (4) |
500.619 |
385.480 |
321.266 |
|
|
|
|
|
|
TOTAL |
1,239.622 |
1,057.441 |
889.065 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
680.222 |
485.049 |
459.914 |
|
(ii)
Intangible Assets |
0.946 |
1.002 |
1.063 |
|
(iii)
Capital work-in-progress |
2.345 |
86.793 |
2.916 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
66.355 |
77.126 |
70.497 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
61.378 |
42.636 |
23.384 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
811.246 |
692.606 |
557.774 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
140.698 |
119.623 |
106.544 |
|
(c) Trade
receivables |
244.694 |
197.537 |
180.456 |
|
(d) Cash
and cash equivalents |
5.203 |
3.592 |
6.090 |
|
(e)
Short-term loans and advances |
37.781 |
44.083 |
38.201 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
428.376 |
364.835 |
331.291 |
|
|
|
|
|
|
TOTAL |
1,239.622 |
1,057.441 |
889.065 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1,310.535 |
1,038.658 |
883.602 |
|
|
|
|
Other Income |
15.994 |
9.968 |
16.324 |
|
|
|
|
TOTAL (A) |
1,326.529 |
1,048.626 |
899.926 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of materials consumed |
|
580.649 |
491.598 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
|
2.561 |
(11.647) |
|
|
|
|
Employee benefit expense |
|
50.162 |
39.590 |
|
|
|
|
Exceptional items |
|
(1.817) |
(0.793) |
|
|
|
|
Extraordinary items |
|
0.000 |
(15.057) |
|
|
|
|
Other expenses |
|
227.383 |
208.980 |
|
|
|
|
TOTAL (B) |
1,112.266 |
858.938 |
712.671 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
214.263 |
189.688 |
187.255 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
62.551 |
42.318 |
33.408 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
151.712 |
147.370 |
153.847 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
73.222 |
57.126 |
56.592 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
78.490 |
90.244 |
97.255 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
24.531 |
33.930 |
28.102 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
53.959 |
56.314 |
69.153 |
||
|
|
|
|
|
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||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
273.806 |
218.274 |
151.966 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Provision for Tax of earlier
years |
0.080 |
0.782 |
(0.876) |
|
|
|
|
Provision for Tax of Firm of
current/earlier years |
4.584 |
0.000 |
0.000 |
|
|
|
|
Distribution Tax |
0.000 |
0.000 |
0.530 |
|
|
|
|
Proposed Dividend |
0.000 |
0.000 |
3.191 |
|
|
|
BALANCE CARRIED
TO THE B/S |
323.101 |
273.806 |
218.274 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
31.456 |
13.541 |
4.723 |
|
|
|
TOTAL EARNINGS |
31.456 |
13.541
|
4.723 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
16.101 |
NA |
NA |
|
|
|
|
Capital Goods |
21.449 |
NA |
NA |
|
|
|
|
Stores & Spares |
1.534 |
NA |
NA |
|
|
|
TOTAL IMPORTS |
39.084 |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings / (Loss)
Per Share (Rs.) |
8.46 |
8.83 |
12.04 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.12 |
5.42 |
7.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
16.35 |
18.26 |
21.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.70 |
10.10 |
11.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.20 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74 |
0.72 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
0.95 |
1.03 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
63.811 |
63.811 |
63.811 |
|
Reserves & Surplus |
326.390 |
381.852 |
431.147 |
|
Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
390.201 |
445.663 |
494.958 |
|
|
|
|
|
|
Long Term borrowings |
139.930 |
135.038 |
136.664 |
|
Short Term borrowings |
150.411 |
187.709 |
228.651 |
|
Total
borrowings |
290.341 |
322.747 |
365.315 |
|
Debt/Equity
ratio |
0.744 |
0.724 |
0.738 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
883.602 |
1,038.658 |
1,310.535 |
|
|
|
17.548 |
26.176 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
883.602 |
1,038.658 |
1,310.535 |
|
Profit |
69.153 |
56.314 |
53.959 |
|
|
7.83% |
5.42% |
4.12% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
96.944 |
77.344 |
66.845 |
|
Total |
96.944 |
77.344 |
66.845 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Deferred sales tax loan |
11.423 |
11.739 |
|
Total |
11.423 |
11.739 |
OPERATIONS
The Company has achieved turnover of Rs.1310.535 Millions during the year as against turnover of Rs.1038.658 Millions during the previous year, which represents increase of about 26.18%. Profit for the year after tax during the year was Rs.53.959 Millions as against Rs.56.314 Millions during the previous year. Profit margins have reduced during the year due to increase in prices of raw materials, personnel expenses, financial cost, depreciation and other expenses. It will be endeavor of the Directors to give improved performance in the coming years.
The Company was able to achieve higher turnover during the year under consideration due to commencement of production at the new unit at Umargaon and expansion at Pune unit.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10484000 |
13/03/2014 |
60,000,000.00 |
CITIBANK N. A. |
First
International Financial Centre, 9th Floor,, Plot No.C-54, C-55, G-Block, BKC,
Bandra, MUMBAI, |
C00120022 |
|
2 |
10359489 |
24/01/2013 * |
60,000,000.00 |
Tata Capital Financial Services Limited |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B68336817 |
|
3 |
10133357 |
20/10/2008 |
28,000,000.00 |
ING Vysya Bank Limited |
First Floor ""A"" Wing Shanti Commercial Complex, Near Mira Road Rly. Station Mira Road (East), Thane, Maharashtra - 401107, India |
A52557170 |
|
4 |
10065367 |
01/11/2007 * |
60,000,000.00 |
ING Vysya Bank Limited |
Mittal Towers A-Wing, Ground Floor 210 Nariman Point, Mumbai, Maharashtra - 400021, India |
A32208613 |
|
5 |
10065463 |
03/12/2008 * |
16,761,000.00 |
ING Vysya Bank Limited |
First Floor ""A"" Wing Shanti Commercial Complex, Near Mira Road Rly. Station Mira Road (East), Thane, Maharashtra - 401107, India |
A52557493 |
|
6 |
10017065 |
18/07/2006 |
1,750,000.00 |
The Malad Sahakari Bank Ltd. |
6,
Sujata , Rani Sati Marg , Malad (East), Mumbai, |
A03791803 |
|
7 |
90144557 |
12/03/2014 * |
338,996,000.00 |
ING Vysya Bank Limited |
First Floor ""A"" Wing Shanti Commercial Complex, Near Mira Road Rly. Station Mira Road (East), Thane, Maharashtra - 401107, India |
C11181401 |
|
8 |
80036587 |
04/12/2001 |
2,000,000.00 |
The Malad Shekari Bank Limited |
6 Sujata ;Rani Sati Marg, Malad, Maharashtra, India |
- |
|
9 |
80036588 |
17/08/2001 |
1,000,000.00 |
The Malad Shekari Bank Limited |
6 Sujata ;Rani Sati Marg, Malad, Maharashtra, India |
- |
|
10 |
80036589 |
04/01/2000 |
3,000,000.00 |
The Malad Sahakari Bank Limited |
5,Sujata, Rani Sati Marg, Mala (East), Mumbai, Maharashtra - 400097, India |
- |
|
11 |
90231037 |
10/09/1999 |
500,000.00 |
The Malad Shekari Bank Limited |
5 Sujata ;Rani Sati Marg, Malad, Maharashtra, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
NEWS:
WEENER PLASTICS
PACKAGING GROUP ACQUIRES 100% OF WEENER EMPIRE PLASTICS LIMITED
After being a minority shareholder for 8 years, the German Weener group has acquired the remaining shares of the Mumbai headquartered Weener Empire Plastics Limited for an undisclosed amount.
The deal includes 7 factories across India. This is the next step in the global expansion of the Weener group, which enables Weener to support customers on a global scale and to speed up growth in the emerging markets. “This acquisition is aligned to our strategy of enhancing our footprint in the emerging markets. WEPL has performed well in the past years and we target to add to this growth further in the coming years,” said Roel Zeevat, CEO of Weener Plastic Packaging Group Weener Empire Plastics manufacturer’s plastic closures and containers for the personal care, food and pharmaceutical industry.
Weener Plastic Packaging Group designs, develops and manufactures plastic
packaging solutions for the personal care, food and beverage and home care
industry. Plasticum Group has been integrated into the Weener Plastic Packaging
Group in June 2013. The company employs 2000 people and has 31 facilities in 20
countries around the world.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.